Velo Labs and FinClusive announced a strategic partnership to enable faster, cheaper cross-border payments by combining Velo's Stellar and BSC blockchain solutions with FinClusive's embedded compliance controls for remittances and value transfers.
Velo Labs and FinClusive announced a partnership to improve cross-border payments and remittances by integrating Velo's blockchain infrastructure with FinClusive's embedded financial crimes compliance platform. Velo Labs leverages the Stellar and Binance Smart Chain blockchains to help financial institutions create custom stablecoins and enable seamless asset interoperability. FinClusive provides full-stack AML/KYC/KYB controls and transaction monitoring for virtual assets and fiat payments. The partnership will open new remittance corridors in 2022, targeting underbanked and underserved populations globally with low-cost, scalable payment solutions that maintain regulatory compliance.